Startupaz Foundation
- Assets
- $255.2k
- Revenue
- $320.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Phoenix, AZ
- Founding
- 01/2020
- Data as of
- 09/2022
- EIN
- 83-4147658
Organization Overview
Startupaz Foundation, operating under the name Startupaz, is located in Phoenix, AZ. The organization was established in 2020. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Startupaz employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Startupaz is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Startupaz generated $320.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $500.0k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF STARTUPAZ IS TO BUILD A LOCAL COMMUNITY OF ENTREPRENEURS THAT WANT TO MAKE A POSITIVE IMPACT IN ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARTUPAZ HAS DESIGNED SIGNATURE INITIATIVES TO ACCELERATE THE PERFORMANCE OF THE HIGHEST POTENTIAL STARTUP COMPANIES IN THE REGION. EMERGING LEADERS MAKE A 12-MONTH COMMITMENT TO EACH OTHER TO COMBINE THEIR TALENTS, NETWORKS, AND RESOURCES TO HELP EACH OTHER ACHIEVE SUCCESS IN BUILDING THEIR COMPANIES AND CREATING LASTING IMPACT IN THE COMMUNITY. IN 2022 STARTUPAZ HELPED 29 NEW ENTREPRENEURS GROW THEIR BUSINESS THROUGH THIS PROGRAM. THE ORGANIZATION SUPPORTED A COMMUNITY OF MORE THAN 40 BUSINESSES WITH VIRTUAL AND IN-PERSON EDUCATIONAL AND MENTORING SESSIONS. THE BUSINESSES SUPPORTED BY START-UP AZ ACCOUNTED FOR MORE THAN 1700 JOBS AND 200M IN REVENUE AND ECONOMIC IMPACT. IN ADDITION, THE ORGANIZATION SUPPORTED A DOZEN LOCAL ORGANIZATIONS AND EVENTS AND CO-SPONSORED THE 1.5M EMERGEAZ FAST GRANT WHICH HELPED BUSINESSES STRUGGLING WITH COVID TO RETAIN JOBS AMID SUSTAINED MARKET LOSSES. THE ORGANIZATION CONTINUED TO CONVENE VARIOUS IN-PERSON AND VIRTUAL EVENTS TO SUPPORT HUNDREDS OF ENTREPRENEURS AND COMMUNITY SUPPORTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Brandon Clarke Vice Chair | OfficerTrustee | 2 | $125,000 |
Diana Vowels President Executive Director | OfficerTrustee | 40 | $28,000 |
Gregg Scoresby Board Chair | OfficerTrustee | 2 | $0 |
Ji Mi Choi Treasurer | OfficerTrustee | 2 | $0 |
Thomas Curzon Director | Trustee | 2 | $0 |
Mario Martinez II Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,891 |
| Total Program Service Revenue | $75,000 |
| Investment income | $2,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,126 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $227,520 |
| Compensation of current officers, directors, key employees. | $41,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $864 |
| Fees for services: Other | $48,445 |
| Advertising and promotion | $0 |
| Office expenses | $5,677 |
| Information technology | $18,860 |
| Royalties | $0 |
| Occupancy | $6,075 |
| Travel | $80 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,975 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,459 |
| All other expenses | $0 |
| Total functional expenses | $499,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,500 |
| Savings and temporary cash investments | $188,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,295 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $255,164 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $255,164 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $255,164 |
Grants Awarded
Over the last fiscal year, Startupaz Foundation has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE WILLO CATERING PURPOSE: LOCAL IMPACT GRANT | $15,000 |
ARMORED OUTDOOR GEAR PURPOSE: LOCAL IMPACT GRANT | $15,000 |
Tucson, AZ PURPOSE: LOCAL IMPACT GRANT | $15,000 |
TRUCK REPAIR INC PURPOSE: LOCAL IMPACT GRANT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Startupaz Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $25,000 |
Pakis Family Foundation Phoenix, AZ PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Manufacturing Technology Consulting Torrance, CA | $11,048,363 | $31,611,156 |
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Dreamspring Albuquerque, NM | $203,163,761 | $25,298,598 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |